Each year over 200 million MT 300 FX confirmations covering some 160 currencies and more than 1,200 currency pairs were sent over SWIFT. More than 70% of all FX confirmations are sent over the SWIFT network (excluding CLS and Hedge Fund related trades). SWIFT confirmations also support Commodities, Money Market, and many risk management instruments such as FX Forwards, Options, NDFs, cross-currency and interest rate swaps.